World’s Top Methylene Diphenyl Diisocyanate (MDI) Manufacturers

Top Methylene Diphenyl Diisocyanate (MDI) Manufacturers
MDI is the standard abbreviation for methylene diphenyl diisocyanate. “MDI” refers to a mixture of 4,4’-methylenediphenyl diisocyanate and its isomers. MDI is used by industrial customers to produce polyurethanes, which contribute to improved insulation for appliances, lighter materials for cars and energy efficiency in buildings.

1 . World’s Top Methylene Diphenyl Diisocyanate (MDI) Manufacturers

  1. Covestro AG 
  2. The Wanhua Industrial Group 
  3. BASF SE 
  4. Huntsman Corporation 
  5. The Dow Chemical Company (TDCC) 
  6. Kumho Mitsui Chemicals
  7. Tosoh Corporation
World’s Top Methylene Diphenyl Diisocyanate (MDI) Manufacturers

2 . Global Methylene Diphenyl Diisocyanate (MDI) Market Scenario

The methylene diphenyl diisocyanate market was valued at 16508 Million US$ in 2018 and is projected to reach 21338 Million US$ by 2024, at a CAGR of 4.37% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2024 as the forecast period to estimate the market size for Methylene Diphenyl Diisocyanate. MDI foam were the largest application segment of MDI market, which accounted for 65.52% of the global MDI Market revenue in 2018.
 
Global Methylene Diphenyl Diisocyanate (MDI) Market Size in USD million (2018-2024)
 
The segment is expected to grow at a CAGR of 5.1% from 2014 to 2019. The synthetic leather & fabric coating segment of MDI application accounted for 14.46% of the global MDI Market revenue in 2014 and will have a growth rate of 4.66% from 2014 to 2019. The adhesive & sealants application segment of MDI market accounted for 4.17% of the global MDI Market revenue in 2012 and will grow at a CAGR of 4.62% from 2014 to 2019 to attain a market value of USD 1.7 billion in 2018.
 
Global Methylene Diphenyl Diisocyanate Market

The report covers North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Methylene Diphenyl Diisocyanate industry.

3 . Leading Methylene Diphenyl Diisocyanate (MDI) Producers in World

1. Covestro AG

Covestro is among the world's largest polymer companies with 2018 sales of EUR 14.6 billion. Company's business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products for daily consumption. The company's major business segments are the automotive, construction, wood processing and furniture, electrical and electronics, and healthcare industries. Other sectors are sports and leisure, cosmetics and the chemical industry. Covestro has 30 production sites worldwide and employed approximately 16,800 people at the end of 2018. Covestro accelerates its investment activities to capitalize on the strong MDI market growth. According to a press release by the company, Covestro intends to invest EUR 1.5 billion in new world-scale MDI plant in Baytown, USA. The highly attractive MDI market with long-term growth prospects / New 500 kilotons MDI plant to satisfy demand and accompany industry growth / NAFTA MDI capacity to reach 740 kilotons per year by end of 2024 / Extending Covestro´s regional and global MDI leadership position.

2. Wanhua Chemical Group Co., Ltd. 

Wanhua Chemical Group Co., Ltd. is leading manufacturer propylene and isobutane and derivatives. Its main products are isocyanate (MDI, TDI, ADI), propylene, propylene oxide (PO), tert butyl alcohol (TBA), methyl tert-butyl ether (MTBE), acrylic acid/acrylic ester (AA/AE), n-butanol and neopentyl glycol (NPG), liquefied propane, liquefied butane, and liquefied petroleum gas (LPG). Amid ongoing tension between U.S. and China, Wanhua is thinking to scale back and possibly changing the location of a USD1.25 billion methylene diphenyl diisocyanate (MDI) plant which is intended to build in the US. The company announced the project in 2017 and selected Convent, Louisiana, as the site last November. Construction was slated to begin this year and be completed in 2021.
 

3. BASF SE

BASF has started construction of a new MDI synthesis unit in Geismar, Louisiana, chemical complex, under first phase development. The first phase is expected to be finalized in the first half of 2020. Company is also planning to proceed with the second phase of its production expansion for MDI. The expansion will double its production of MDI from 300,000 metric tons to about 600,000 metric tons with the multiphase project, according to a BASF news release. BASF will make an $87 million capital investment to continue the expansion, following a $150 million investment for the first phase. BASF operates a global production network of MDI facilities in China, South Korea, Belgium, and the U.S.

4. Huntsman Corporation

Huntsman Polyurethanes is a leading global producer of MDI, a key ingredient in the production of polyurethanes and also produces flexible and rigid polyethers, polyesters, polyether amines, polyurea amines, propylene oxide, polyols, fully formulated polyurethane systems and TPUs for the automotive, footwear, coatings & adhesives, construction, furniture, appliances and packaging industries. However, the company has witnessed a recent decrease in revenue in its Polyurethanes segment for the three months ended December 31, 2018, compared to the same period in 2017 was primarily due to lower MDI average selling prices partially offset by higher sales volumes.  MDI average selling prices decreased primarily due to a decline in component MDI selling prices in China and Europe.  MDI sales volumes increased due to the start-up of our new Chinese MDI facility in 2018 and the acquisition of Demilec, a North American polyurethane spray foam company, in April 2018. The decrease in adjusted EBITDA was primarily due to lower MDI margins driven by pricing, partially offset with higher sales volumes.

5. The Dow Chemical Company (TDCC)

Dow offers modified MDI products are made by reacting MDI with materials that have hydroxyl (-OH) groups. Modified MDI products are also called MDI variants. DOW modified MDI products are used in customized formulations or blends of chemicals designed for a specific application. Modified MDI products are yellow to brown colored, highly reactive liquids or semi-solids. Dow delivered pro forma sales of approximately USD 50 billion in 2018.

6. Kumho Mitsui Chemicals

Kumho Mitsui Chemicals has produced and supplied MDI (Methylene Diphenyl Diisocyanate), which is a core material of polyurethane. Company's production capacity od MDI is around 350,000 MT/year. With the world’s top-class and advanced production technology and the infrastructure that Kumho Petrochemicals has built in the petrochemical industry, Kumho Mitsui Chemicals will lead in the polyurethane industry.

7. Tosoh Corporation

Tosoh supplies MDI to manufacturers domestically and internationally. MDI and TDI, another aromatic diisocyanate, result in such products as elastomers, coatings, foams, and adhesives. HDI is an aliphatic diisocyanate used in specialty chemical products, such as high-performance paints and adhesives. The group’s Chlor-alkali Division produces caustic soda, vinyl chloride monomer (VCM), polyvinyl chloride paste (PVC), calcium hypochlorite, sodium bicarbonate, and others. Its Urethane Division manufactures isocyanate raw materials and functional urethanes, including methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), hexamethylene diisocyanate (HDI), polyurethane adhesives, coating resins, elastomers, polyisocyanates for Fiscal 2018 R&D expenditures for the Chlor-alkali Group rose to ¥3.2 billion from ¥3.0 billion in fiscal 2017.
 

Contact Us for Custom Market Research Solutions

 

MarketResearchReports.com Newsletter Subscription

About The Author

sudeep's picture
Sudeep Chakravarty

Feature your company here

Clients Who Trust Us

Market Research Reports Inc. Customers

Need tailor made market research solution? We can help you with that too.

About Us

At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. take time-critical decisions.

We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customer’s needs, be it custom research or syndicated research reports.

Contact Us

Market Research Reports, Inc
16192 Coastal Hwy
Lewes
, DE 19958, USA

USA: +1-302-703-9904

India: +91-8762746600

marketresearchreports

info@marketresearchreports.com

User login

Stay Connected